and yet they still make mind boggling losses with no end in sight. I think in the next 10 years Netflix will serve as a reality check that shows why content creators have had to resort to their ugly business practices.
https://www.barrons.com/articles/netflix-will-be-cash-flow-p...
“We expect the steady subscriber growth, together with gradual price increases will outpace the increasing investment in content and the upfront working capital spending on self-produced and owned programming, resulting in steadily improving margins. We believe that those margins will need to grow from the 7% range of 2017, to the low to mid 20% range to generate positive cash flows. As a result, we forecast the company becoming cash-flow positive in approximately five years.”
Yeah that increases as in plural.